● Trump Media Technology Group plans to raise $2.5 billion to establish a Bitcoin treasury
According to BlockBeats, on May 27, Trump Media Technology Group announced it will launch a Bitcoin treasury plan of approximately $2.5 billion. The plan aims to incorporate BTC into its asset reserves for financial stability and long-term value storage.
According to Foresight News, David Sacks, the U.S. White House cryptocurrency and AI director, stated at the Bitcoin 2025 conference that blockchain, Bitcoin, and cryptocurrency are the financial system of the future.
● MetaPlanet issues $50 million in interest-free convertible bonds to further purchase Bitcoin
According to Foresight News, the Japanese listed company MetaPlanet announced it will issue interest-free corporate bonds totaling $50 million. The raised funds will be used to further purchase Bitcoin, continuing its Bitcoin asset allocation strategy.
● Nasdaq submits 21Shares SUI ETF 19b-4 application document to the SEC
According to Deep Tide TechFlow, on May 27, the Nasdaq Stock Exchange submitted an application to the U.S. Securities and Exchange Commission to approve the listing and trading of the 21Shares SUI ETF under Nasdaq Rule 5711(d). This ETF is initiated by 21Shares US LLC and aims to track the performance of the SUI token, using the CME CF Sui — Dollar Reference Rate as a price benchmark.
● Circle has officially submitted an IPO application to the New York Stock Exchange
According to Deep Tide TechFlow, Circle Internet Group has officially submitted an IPO application to the New York Stock Exchange. The company plans to issue 24 million Class A shares, with 9.6 million shares coming from the company and 14.4 million shares from existing shareholders. The expected issuance price range is $24-26 per share, and it will trade under the stock code "CRCL" after listing.
According to BlockBeats, on May 27, Minneapolis Fed President Kashkari emphasized at a Bank of Japan event in Tokyo that defending inflation expectations is crucial. He pointed out that the effects of Trump's tariffs could be temporary or long-lasting.
Kashkari stated that tariff negotiations might take months or years to conclude, and taxing intermediate products requires time for transmission, increasing the risk of inflation expectations becoming unanchored. He prioritized defending long-term inflation expectations. The Federal Reserve has maintained interest rates unchanged in three meetings this year, and it is expected to do the same in June. Tariffs could lead to stagflation, putting the Fed in a dilemma between maintaining high rates or cutting rates.
● Citi forecasts global economic growth to slow to 2.3%
According to BlockBeats, Citi economists noted in a report that due to the impact of tariffs, global economic growth is expected to slow from 2.8% in 2024 to 2.3% in 2025. The resilience of the global economy is partly due to the gradual implementation of U.S. tariffs, with the full suppressive effect yet to be realized. Citi economists indicated that the full impact may become evident in the second half of this year.
● Richard Teng: Clear rules are key to the mass adoption of cryptocurrency
Binance CEO Richard Teng posted on the X platform: "Clear rules = mass adoption. The crypto industry needs such a regulatory framework: to promote innovation, protect consumers, and drive global competition. Policymakers who understand this will shape the financial landscape of the next decade."
